The game of stock funds, the market is weak
Review of last issue
Review of last issue
BTC: Focus on whether the price of BTC can be stabilized above $9,000 after the halving. If it is successfully supported, BTC will rise again after a period of volatility and accumulation. Before the halving, BTC quickly fell below $9,000, and the lowest fell to $8,150. After the halving, the price of BTC rose slowly. After breaking through $9,000, it went all the way up to test the $10,000 mark again.
BCH: The top of BCH will gradually move down in the short term, and the support range is at $240. If it falls below $240, you can go short. After BCH fell below $240 on May 10, the lowest price fell to $218, and the current price rebounded to around $240.
Highlights of this issue
Highlights of this issue
Summary: The standard consensus market composite index is 1,091.66 points, up 1.07% in 24 hours, and the market as a whole is currently on the rise. According to the standard consensus sentiment index, the current market sentiment is too frenzied. The latest index is 1.55. The index has slowed down overall this week, and the trading volume has decreased significantly. With the continuous rise of the market, investor sentiment has entered an overfrenzy and overbought phenomenon Seriously, the probability of a market callback has intensified.
BTC: The capital game in the BTC market is obvious, the rise is not accompanied by the increase in trading volume, and the decline is accompanied by huge trading volume. It shows that the willingness of funds to enter the market is insufficient, the depth of transactions is limited, and the concentration of chips is high, so the number of rapid and sharp declines of BTC will intensify.
BCH: BCH is mainly short-selling, with a stop loss of $245 and a profit stop of $210.
current report
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Data source: standard consensus, CoinMarketCap
image description
Data source: standard consensus, CoinMarketCap
According to the standard consensus halving countdown index, the current block height of BTC is 630,409, and there are only 1,440 days left before the next halving. BTC has been halved, and the computing power is still at a historical high, and the computing power has not declined due to the halving. The current BTC price is still very attractive to miners.
Trend review and analysis of BTC, ETH, BCH
Trend review and analysis of BTC, ETH, BCH
According to CoinMarketCap data, the average daily turnover rate of BTC in the past 7 days is 30.70%, which is 0.28% higher than the average daily turnover rate in the past three months, and 2.38% higher than the average daily turnover rate last week. After BTC failed to break through $10,000, it fell rapidly, with a one-hour amplitude of nearly 20%, and the trading volume also increased sharply. Afterwards, BTC fluctuated all the way up and tried the $10,000 mark again, but the trading volume did not increase significantly, and even showed a certain attenuation state, and the deviation between volume and price was serious. If BTC retests $8,000 again, it will form a head-and-shoulders pattern in terms of technical form, which may trigger further decline. The capital game in the BTC market is obvious. The rise is not accompanied by an increase in trading volume, while the fall is accompanied by a huge trading volume. It shows that the willingness of funds to enter the market is insufficient, the depth of transactions is limited, and the concentration of chips is high, so the number of rapid and sharp declines of BTC will intensify.
risk warning:
risk warning:
Be vigilant against illegal financial activities under the banner of blockchain and new technologies. The standard consensus resolutely resists various illegal activities such as illegal fundraising, network pyramid schemes, ICO and various variants, and dissemination of bad information using blockchain.
